EastGroup Properties Announces Dividend Increase

EastGroup Properties (NYSE: EGP) announced a significant 10.7% increase in its quarterly dividend to $1.55 per share from $1.40 per share.

Rhea-AI Summary

EastGroup Properties (NYSE: EGP) announced a significant 10.7% increase in its quarterly dividend to $1.55 per share from $1.40 per share. The dividend will be paid on October 15, 2025, to shareholders of record as of September 30, 2025.

This marks EastGroup's 183rd consecutive quarterly cash distribution and represents an annualized dividend rate of $6.20 per share. The company has maintained or increased its dividend for 33 consecutive years, with increases in 30 of those years, including the last 14 years consecutively.

EastGroup is a self-administered REIT focusing on industrial properties across high-growth U.S. markets, particularly in Texas, Florida, California, Arizona, and North Carolina. The company's portfolio currently includes approximately 63.9 million square feet of space.

Positive

• Substantial 10.7% increase in quarterly dividend to $1.55 per share
• Strong dividend history with 183 consecutive quarterly distributions
• 33-year track record of maintaining or increasing dividends
• Extensive portfolio of 63.9 million square feet in high-growth markets

Negative

• None.

Argus Aug 22 session

+3.49% close to close 0.7x rel. volume Open Argus

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News Market Reaction – EGP

On Aug 22, the day this news came out, EGP closed 3.49% above the previous close.

Data tracked by StockTitan Argus for the Aug 22 session.

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JACKSON, Miss., Aug. 22, 2025 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today that its Board of Directors approved a 10.7% increase in its quarterly dividend, raising it to $1.55 per share from $1.40 per share.  The dividend is payable on October 15, 2025, to shareholders of record of Common Stock on September 30, 2025.  This dividend is the 183^rd consecutive quarterly cash distribution to EastGroup's shareholders and represents an annualized dividend rate of $6.20 per share.  EastGroup has increased or maintained its dividend for 33 consecutive years.  The Company has increased it 30 years over that period, including increases in each of the last 14 years. 

About EastGroup Properties, Inc. 
EastGroup, a member of the S&P Mid-Cap 400 and Russell 2000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in high-growth markets throughout the United States with an emphasis in the states of Texas, Florida, California, Arizona and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 20,000 to 100,000 square foot range). The Company's strategy for growth is based on   ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. The Company's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 63.9 million square feet. 

EastGroup Properties, Inc. press releases are available at www.eastgroup.net. 

Contact: investor@eastgroup.net 

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SOURCE EastGroup Properties

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is EastGroup Properties' new quarterly dividend amount for 2025?

EastGroup Properties' new quarterly dividend is $1.55 per share, representing a 10.7% increase from the previous $1.40 per share.

When will EGP's increased dividend be paid?

The dividend will be paid on October 15, 2025, to shareholders of record as of September 30, 2025.

What is EastGroup Properties' annual dividend rate for 2025?

Following the increase, EastGroup Properties' annualized dividend rate is $6.20 per share.

How long has EastGroup Properties maintained or increased its dividend?

EastGroup Properties has maintained or increased its dividend for 33 consecutive years, with increases in 30 of those years, including the last 14 years.

What is the size of EastGroup Properties' current portfolio?

EastGroup Properties' portfolio currently includes approximately 63.9 million square feet of industrial space across high-growth U.S. markets.